amazon, cnn, "the new york times," pinterest, twitch, google, ebay and more were all offline for 50 minutes. lading to the world's most productive hour in the last 30 years. but it all came back, thank goodness. everyone in the world hit control-alt-delete at the same time and voila! the ichbt internet is back. it is also very hot in a lot of the country. a record-breaking heat wave is waving. six states saw record highs yesterday. and some of them are also being hit with a horde of cicadas. it's never a good sign when a weathr forecast ends with, "just as the bible foretold." but it has been happening. these cicadas are noisy insects that emerge after 17 years underground to mate. like a bunch of horny teenagers on prom night. the reason they all come out at the same time is because it makes it impossible for predators to eat all of them at once. it's like bottomless breadsticks at olive garden but for bugs. and there are so many of them, they're even popping up on

planning to take an 80% stake in ebay korea for 3.5 trillion won. the u.s. company will retain the remainder so we will see to get confirmation of the latest development and that is the first time we are seeing that number. let's get back to the markets. if under your thesis the inflation outlook -- the assessment is not just transitory, you have concerns about the fed and other central banks being able to stay the course, what are you doing in terms of inflation hedges? eleanor: when it comes to inflation, i like the conclusion, forecasting inflation is a gain but that aside, it is really from a portfolio standpoint. in the risk of higher inflation has to be accounted for at this stage. it is no longer a one-way bet and risk is moving the other way , coming from a decade plus of inflationary positioning. that does matter when it comes to asset allocation and the portfolio so if you want to translate that into a portfolio, you want assets with a higher inflation meter. that is commodities, energy, materials, leading into cyclicals and economic sensitivity ag

what was the laugh outloud, must-have item that fetched up to $1,500 on ebay even though it retailed>> tickle me elmo. >> i'm going -- was it? >> reporter: tickle me elmo. >> wow. >> reporter: what is the name of ross' pet monkey on "friends"? >> i'm going to call my daughter. >> we're phoning a friend. >> jagger! we're trying to call you. we're on like a national interview right now. ross' monkey. >> mm-hm. >> was named? >> marcel. >> how does she do it? >> reporter: monkey business aside, the duo dishing on each other. what would be something we don't know that you would know about mjh? >> she is one of the most phenomenal drivers i've ever been in a car with. >> reporter: got to ask you, melissa, what is something we would never know about soleil? >> well, i feel like you should know this, and i just want to make it clear. she's a really amazing mom. >> reporter: and dishing out their favorite dip, too. helluva good dip working with duo for not best friends day. if you buy it between june 8 and june 22nd, you get the bucket hat. >> socks. >> you get all. >> our thanks to melissa a

ebay korea command a 12% market share.ut didi's plans to invest in the u.s.. the chinese right hailing is looking to raise $4 billion in its ipo. it is marketing american depositary shares from $13 to $14 apiece. the company would have a market value of more than $60 billion, well below the valuation of 100 billion dollars reported by bloomberg in april, suggesting that investors bought -- balked at the price tag. that got so excited about the bubble tea. [laughter] haidi: a new it. this is a chinese chain raising $60 million after pricing it's hong kong ipo at the top of the market, the latest of the resurgence of listings, to take over luckin coffee failed. joining us is a bloomberg opinion's columnist. we heard this before. even starbucks when it was first expanding in china, the ambition to return two records into coffee drinkers. candy turn in nation of tea drinkers into bubble tea drinkers? >> absolutely. we're talking about the chinese not having enough children, but still, china has 250 million generation z, and 35

you could probably get a i accident bid on e way i -- ebay i am accident bid on e way i —— ebay i amay i saw your face on a £50 note. people won't say i saw your face on a £50 note-— whenjoe biden moved into the white house he made the issue of voting rights one of his key platforms. but the democrats' attempt to push forward a bill to make it easier for people to register and to cast their vote has failed to win the necessary support in the senate. david willis reports. with its emphasis on protecting voting rights and ensuring the integrity of elections, the for the people act represented the largest overhaul of the us electoral system in a generation. democrats also saw it as a means of offsetting measures passed by republican—controlled state legislatures which impose new limits on voting. this is about the american people is right to vote. u nfettered. it is about their access to the right to vote in a meaningful way. nobody is debating, i do not believe, whether all americans have the right to vote. the issue here is their actual access to the voting process or is that being im

the best performing sectors, consumer discretionary led by etsy and ebay and real estate. the underperformers include materials and utilities. >> that's what giving it a little bit of that 2020 feel >>> now to our big guests. sir richard branson orbit completing its second mission of the year, sending up seven small satellites morgan brennan is here with a look at today's launch and also with the people behind it. >> oh yeah we're kicking off the hour strong today's mission marks the start of commercial service. the tubular bell's part one mission -- this is named by the first record by the first band ever signed to virgin records -- carried before 10:00 a.m. eastern this morning, virgin orbit's boeing 747 took off flying to about 45,000 feet before releasing the small launcher one rocket which then fired its rocket and hurdled into space it is privately held by virgin group, and that is where we're going to start this discussion joining us now in this first live interview since the launch -- since the launch happened earlier today is virgin group founder sir richard brans

here we go ♪ [ laughter ] >> ebay listing for a used pool cue?ks or splinters showing ♪ ♪ anywhere on thi anywhere on this ♪ ♪ i do not have the key for the lock syste for the case i'm sorry ♪ [ cheers and applause >> jimmy: chance the rapper, everybody! check out his concert film, "magnificent coloring world" exclusively at amc theaters this summer! we'll be right back with more "tonight show. ♪ you don't have the keys don't have the keys no ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ we're for those who love to discover. who know an open mind is the only kind. who don't need to travel to find something new. who know where to escape, even just for a moment. who don't need a fortune to find a gem. and who know when you spend less, you can discover even more. and never, ever stop discovering. spend less. discover more. at t.j. maxx and marshalls. welcome to allstate. ♪ ♪ you already pay for car insurance, why not take your home along for the ride? allstate. here, better protection costs a whole lot less. you're in good hands. click or call to bundle today. t-mobile is the le

ebay is the biggest generic sellers of these things.ions, which has established itself as the biggest individual auction house devoted to this, is on track for $500 million in nails alone. at an auction in may, they sold 50 -- $50 million of material. the numbers keep going up. joe: is this connected to nft's and crypto in some way? you mentioned how there is this gambling element, but it is all of a type, where it's a moment where people like to buy and collect stuff that they can own. lucas: 100%. i think it is tied from everything from nft's to music rights to speakers, where you have people with a lot of money who want to invest in internal -- in alternative and tangible assets. it's not the same as the crypto phenomenon, where you had people making money and crypto buying trading cards, which is what has driven nft's, but you have young investors with too much money who want to buy something that makes them look cool or feel cool. caroline: lucas shaw, all over the latest craze. lucas shaw from l.a., we thank you. it feels funny th

but rather ebay, south korea, the u. s. parent company will retain the remainder. britton's food and drink exports to the you almost have in the 1st 3 months of the year. she can both buy brags it, and the pandemic hardest. it was. cheese with exports down 72 percent. other drastic declines were seen in fish and chocolate sales. british trade with ireland is especially bad. it's plunged by 2 thirds. the bank of japan is launching a scheme to encourage financial institutions to boost lending and investment for fighting climate change. the central bank will release an outline of the new policy at its meeting next month to be oh, j says climate change could impact economic activity. prices in financial stability in the long term and must be address. well, plants smuggling can be a prickly business, especially when your spoils are cacti. but in all seriousness, the depth of some species from julie's out of common desert represents an existential threat to the plants. now, authorities in italy entryway have tracked down the h

bill gates announced a push for $1 billion to accelerate green tech and ebay updated its terms of servicet sellers can no longer use paypal. and a cyber attack hit the world's largest meat supplier. computer networks at gbs were hacked, temporarily shutting down operations in australia, canada and the us. the ransomware attack could lead to shortages of meat or raise prices for consumers. adrian has found itself crashing into the lava flow of a volcano. it happened in the south—west of iceland were drone by the gerry adams tried capturing the volcano which has been erupting since march. and finally i'm not at all creepy robot which copies you. scientist at columbia university in new york used deep learning to teach the robot, a there, to mimic the expressions are people around it, it can express anger, disgust, fear, joy, sadness and surprise and the aim of the technology is to build trust between humans and robotic workers and caregivers in real—world applications such as hospitals, schools and homes. of course, the machines are not softening us up before they become our robotic overlord

existence. mamma do, i'll just be harder in tennessee at least one rocket has been fired to as an ebay and iraq's weston. and bob province authority targets the assad base, which is both us and iraqi forces. attacks on bases have increased in the past few months. the u. s has repeatedly a key groups linked to iran. i've got to sounds, president, awestruck ghani has replaced 2 top ministers in charge of security as taliban 5 to escalate that bonds to take more territory. general abysmal la han, homa the has been appointed as a new defense minister. he has previously held the defense on interior ministry positions and also as cheap of army staff and general satari. ms. wall has the name, the new interior minister. well, these new appointments come at a delicate time tele, been 5 years, have been gaining ground. they are taking over districts on extending that control, the country with low morale. some afghan forces have abandoned that post altogether . more than $500.00 civilians have been killed this year with a tax escalating across the country. the surgeon violence comes as the us and

on the deal front, watching report that ebay will receive final bids for its korean unit.e breaking news. buyout to by atlantic aviation, this according to people speaking to bloomberg, could value the company at about $4.5 billion. we will have more on this. don't go away, the market opens our next. this is bloomberg. ♪ look...if your wireless carrier was a guy, you'd leave him tomorrow. not very flexible. not great at saving. you deserve better - xfinity mobile. now, they have unlimited for just $30 a month. $30 dollars. and they're number 1 in customer satisfaction. his number? delete it. deleting it. so break free from the big three. xfinity internet customers, take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you maintain comfortable,

ebay is set to bill -- to sell its business to a local consortium. an internet group.ove is being made in an attempt to overtake a committee backed by softbank. yvonne: the shutout of the world is getting to the residents of hong kong and singapore. that could hurt their reputation as business and finance hubs. that story is straight ahead. this is bloomberg. ♪ yvonne: we have been following these return to work stories. bank of america saying it is bring all of its vaccinated workers back to the office. the ceo revealed to bloomberg more than 70,000 employees voluntarily reported they have been vaccinated. the plan is to get them back to their work tasks around september. >> as more people get vaccinated, we've got a lot of work to get those back, but the view is after labor day the vaccinated teammates will be back and operate normally and make provisions for other teammates as we move into the fall. haslinda: in parts of asia, bankers are already back in the office. places like in hong kong, where the early covid-19 success story. now residents are watching with env

in our case, we have a majoring merchants on board, nike and kroger, ebay, adidas. you name it, you can pretty much earn bitcoin from them. emily: has demand waxed and waned with volatility? you have the winklevoss twins talking about bitcoin going to $1 million in a matter what, but we are still a far cry from the mid-60's hi. alex: when we started about three years ago, bitcoin was about $3000 per coin and so our users have spent 10 their earnings -- 10x their earnings. if you have been using lolli even a short period of time, your bitcoin has gone up over time. yes, we saw all-time highs the last couple of months and a short dip, but people are excited to be earning bitcoin. for a lot of users, they never had bitcoin before. we have all of these wonderful bitcoiners in miami and across the u.s., what we are excited to bring new people into the bitcoin space that previously would not have had bitcoin because we are attaching a bitcoin to shopping and earning rather than mining and investing. emily: it looks like you are having fun out there. appreciate the report,

the business yields more than 1/10 of ebay's global revenue and is seen to reshape the online shoppingmands a 12% market share. tesla supplier -- lithium says -- could push prices back towards a record high. the company is aiming to capitalize on a rebound from a more than two-year slump that ended in september. it says it will step up exploration of lithium resources as well as seeing demand for battery-powered vehicles and renewable energy storage grow. microsoft debuted windows 11, its biggest change to the operating system in a decade. it also bundled some of its own apps including teams directly onto the os, a move that may cause headaches for corporate software rivals. it will focus on making windows 11 a more open platform. >> today marks a major milestone in the history of windows. it is the beginning of a new generation. i am excited by what we have shown you today and how we are reimagining everything, from the operating system, to the browser, to the store, to the feed. haidi: let's take a look at the markets. we are expecting to see the -- as well as the economic outlook re

that bought him over 7 million shares under $2,000 that was the cap at the time when ebay bought paypalsed the sheltered cash to buy more stays in palin continue, facebook, lots of others, all grows tax free all of that was valued at over $5 billion if he waits until he turns 60 in 2027, he can withdraw all of that without paying any capital gains or income taxes. >> somebody today could do the same thing, put whatever the limit is, $6,000 in a roth on stock options worth pennies on a company they believe in, right, and do the same thing? >> people say it's a simple fix. you just can't put a private -- or equity in a private company into a roast i.r.a they have to be public, and that would solve it. >> then what he did is took the paypal profits, sold off some of it, bought other shares, and up they go. >> if this becomes a reason they tax roth i.r.a., that would be terrible for most people >>> thank you for watching "power lunch." "closing bell" starts right now. >> it does indeed. welcome to the new york stock exchange new reports on wall street as the nasdaq and s&p 500 hit new highs

locked down wuhan and the province and you could go nowhere in the china if you're coming from wuhan or ebay you can go to the airport and fly around. elizabeth: senator marsha blackburn, it's good to see you again, come back soon. elizabeth: let's get reaction your congressman lee zeldin is with us. your reaction, the president says yes investigating potential lab leak dr. fauci in the media downplayed, washington post reporter and columnist josh rogan saint dr. fauci and the nih are stonewalling probes into what the nih and niaid were doing, what is your take on this. >> for one the american people want answers, this is a theory that has been discussed since the beginning of the outbreak and always made sense to many whether they were in congress or amongst the american public, it was also clear there was a big motivation not to have eyes on the origins of the covid-19 because it would distract from the ability to place all of the blame on president trump and the reality one of the best ways to prevent a pandemic is early detection and that was sacrificed it was clear the world health orga

we are watching the unfolding events down the road at carb ebay.and the johnsons standing next to the big g7 banner. we are now starting to get maybe some of the playback coming through from the meeting that is taking place between boris johnson and joe biden. in terms of what these two are saying to each other, clearly i think it is going to be a focus on making sure that this is a success, delivering upon the apparent promise to deliver around one billion vaccines to vaccinate 80% of the population. but a rekindling of the relationship. alix: and also, a big part of that, and i mentioned it earlier , that low hanging fruit has to do with climate. the draft communique seems to be setting some climate financing goals, asking for a new study of the coronavirus and the origins of that. so the stuff that everyone can kind of get behind and agree upon. there was also a proposal to ensure that most cars on the road longer run on diesel and gas. that will set the stage for further talks come about the market really want to know today is when the transatl

ebays paypal and the list goes on and on.o gives a platform what we call aws or fintech a huge advantage, and giving members better, unique differentiated products sooner than anyone else a factor in the industry and we'll be prudent looking at different strategic choices. we watt a small company in hong kong for $20 million that became the corpus of what we've launched in hong kong called sofi invest and an experience strategy. similarly, gal ileogalileo. it's an important element of the strategy. >> congratulations as we continue to watch your progress. quite a day for you guys appreciate your time great seeing you. >> thank you, carl appreciate it. thanks for having me. >>> up next, why elon musk says tesla prices might be going up soon. >>> and check out the best performers on the dow in may as we kick off a new trading month. dow chemical, jpmorgan chase, goldman sachs among them. >>> a lot more "techcheck" ahead. stay with us. o start - or too . ♪ ♪ wealth helps you retire. worth is knowing why. ♪ ♪ principal. for all i

don't be so scared about breakups ebay was so scared about breaking up from paypal and they did and now the size of ebay >> what does the public want are they as fired up as congress is is it. >> people in general feel like something needs to be done about big tech as long as it doesn't hurt the services that they like from big tech and overall, they are not too worked up about it there is room for congress, believe it or not, to do the wrong thing. >> john ford, showing us all sides and all hands. appreciate it. we debate this all the time. we do. >> we do you know me, i like these companies. i don't know i don't know, andrew i don't feel harmed. i feel good. i'm happy we are not europe. what have they got, s and p? still to come, sky bridge cap capital joining us comcast said to go on an m&a spending spree analyst rich greenfield to join us a reminder that june is pride month, all month long, we'll be spotlighting cnbc contributors and businesses and producers here is scott stern. >> growing up for me, there weren't many role models and then i realized i was trying to blend in and not

12% mcdonald's, home dough poe target, booking holdings, general motors, ford, chipotle is in here ebay all companies poised to benefit from a strong, confident, excited consumer so theme atically it fits with what i told you for example about live nation. and i really don't think we're seeing a major difference in the mood of the consumer between now and year end if we're saying second half where do you want to bet these are the types of stocks i want to bet on. >> good stuff. appreciate you getting us started. carrie, up next and top one of tleet i'll make it top because it's first on my list is paypal. by the way, widely owned,o, almost everybody on the program owns paypal. but tell me why of all the stocks you could have selected for the remainder of the year, paypal makes that list >> yeah, well, payment processing is going to be very, very strong because we know that the acceleration that was begun during covid toward payment processing online in digital accelerated and is continuing. paypal has 400 million active users between paypal and venmo and that's just growing. they had so

. >> and after the break, a chicken nuggets is running up bids on ebay right now. just how much people are willing to pay for this mcnugget that shaped like a popular video game character. i was injured in a car crash. i had no idea how much my case was worth. i called the barnes firm. when a truck hit my son, i had so many questions about his case. i called the barnes firm. it was the best call i could've made. your case is often worth more than insurance offers. call the barnes firm to find out what your case could be worth. we will help get you the best result possible. ♪ the barnes firm, injury attorneys ♪ ♪ call one eight hundred, eight million ♪ mcdonald's nugget that appears to resemble a character from the popular video game among us. >> has become a very hot item on e-bay bidding has reached nearly $100,000 since the online auction opened up on may 28th. the seller had originally listed the among us shape nugget at just $0.99 the among us twitter page reacted to the auction when the nugget was around $34,000 saying they didn't know that the plan was to fre

we saw pay pal spin-out of ebay that was the best thing that could happen, i think it's a win -win solutionuying the pullback to be honest with you. charles: luke breaking up is heart hard to do but if they pull it off would you still be a buyer? >> most of the anti-trust cases , these things take years to figure out and they never usually go anywhere. microsoft is the biggest companies in the united states and the world. why would we want to put these companies at a disadvantage to compete around the world by breaking them up? i don't think these anti-trust cases are going to heavily impact the stock prices and the bigger issue that congress should be focusing on right now is that censorship. that's more harmful to society and consumers in the long run. charles: you know, when it comes to breaking them up i got two words for you, cray- rcay. if you can squeeze it in, the biggest influence going forward for this market let me start with you, luke. >> i truly think the federal reserve is underestimating the impact of inflation. the fed will have no choice but to become more hawkish which is

amazon, reddit, ebay, twitch, pint pinterest. but it was because of a glitch in an american company called fastly a company that provides cloud services for a huge portion of the internet the company now tells nbc news the issue has been fixed and their global network is slowly coming back up online. >>> congress' first report on the january 6th attack on the capitol revealing a massive information and security failure. the bipartisan report found that intelligence officials reviewed concerning social media posts dating all the way back to december some included maps of the capitol tunnels. others suggested threats and plots to breach the building one post they flagged read surround every building with a tunnel entrance/exit they better dig a tunnel all the way to china if they want to escape but today's report shows that sort of information never reached top officials and didn't reach the officers on the front lines either the report found officers were also poorly trained and completely lacking in a plan in the face of a major

walmart, target, best buy, ebay hitching a ride on amazon's wagon because they know that millions of people are shopping online, right now, because of prime day. they're offering up sweet deals of their own, to try and steal some of amazon's prime day thunder, but can they even touch it? let's bring in jmp securities technology analyst ron josey. he says brace for sales impact. he's got a buy rating on amazon and a price target of $4,500 a share, and top retail analyst he tha herzog is about to give us the over-under on that predicted $11 billion revenue expectation which i want to start with, before we get your prediction, what do you think makes this prime day different from those that have come before today? >> the reason why the day is so different, liz, is because it's the second prime day amazon has had in eight months. so if you remember, they did a prime day, eight months ago, to makeup for the prime day they didn't do during the pandemic, and then they're doing another one, and usually, prime day happens in july. well, now it's happening in june and you're seeing all of the

sean, i once bid on a used film camera on ebay, and those last ten minutes were probably some of thees of bidding was for this personsome. >> i think it was $28 million for a couple weeks now because i did -- oh, since monday, it was $28 million. this is a trip with jeff be. jeff bezos -- bezos owns "the washington post," the purveyorover some of the most fake stories over the last four years, and he's also the owner of amazon to who puts small companies out of business. for me, i am not spending 11 minutes with jeff bezos. that dude -- [laughter] he says fake stories -- >> you could berate him for 11 minutes. >> i have no interest. someone else can do it. not me. >> guy, you got 11 minutes, what would you talk to him about? semi-quick here. >> i'm not going on this trip. [laughter] i'm not interested. i am out. it has nothing to do with bezos. >> all right. well, you know, i'm going to just stand true that i would personally go on this trip. i would love to. i'm a huge adrenaline junkie. i'll let you guys know how it is. i might need to borrow some money though. all right, that does

and ebay want take a stab at that? an answer to that question? >> it's really to have an awareness, it is a problem. that workplaces, the judiciary law firms are not sufficiently diverse. until you recognize that it is a problem and an important problem that needs to be addressed he could not begin to make an effort to change the situation. i think that's a problem in certain sectors the problem is not there. will recognize the beginning of it. and then how do you change that? be conscious consistent deliberate effort to address the problem whether it be putting together policies and procedures to change it that opportunities are more widely provided for example people in positions to hire make sure make plenty of women and minority, people of diverse backgrounds of professional experiences, people who come into law as an effective career. there is a track that's typically followed anyone who does not fit neatly into that track tends to get excluded. i think it's also making sure we exert every effort possible to diversify the pool as well. so fo

i'm two clicks away from an actual beady i'm uniform being sold on ebay and i can see exactly what it looked like, exactly what it was made of and so, for that level of, sort of textural stuff is the internet is wildly helpful. >> one final question to your right again please. >> hi, thank you. i was wondering if you could maybe comment on the other side with younger people maybe disregarding my grandfather. when i was in high school as a german exchange student in the mid eighties, i arrived at the home, there was a photograph on the tv of an ancestor who was in an essay uniform. and, when i woke up that morning, that picture was no longer there and it did not come out again at the entire time i stayed with that family. so with your research, did you find people who were proud versus trying to minimize what their perhaps grandparents were? >> i didn't personally, but i absolutely know of those stories and i think one of my favorite sources for this book was a book by a woman named allison owing's and it's called german women recalled the third reich. and it's an oral history that she

are you gonna be selling those on ebay? no, but i i do like the design the question will be do i do i go with the tricorn hat or the top hat the beavers can hat, but no not yet. not yet. i'll be looking out for those. um lucas. i'll start with you. so you talked about lincoln's admiration for jefferson and the principles of the declaration of independence. could you also talk about how lincoln view george washington i think of those speeches he gave in 1861 at the beginning of the war. what did lincoln think about george washington during his presidency? yeah, interestingly enough the most explicit thing that he does with washington are prayer day of national fasting prayer and thanksgiving and he used as a model one that washington had declared when he was president. and so i talk in chapter one of my book about washington's piety as a influence on lincoln, which is interesting because lincoln is not exactly the most orthodox christian believer, even though he knew his bible as well as any preacher, but i think in of cours

ebay is set to sell it south korean business to a local consortium for just over $3 billion. times is reporting the companies involved include earmark, south korea's biggest bricks and mortar retailers, and an internet group. the move is being made in an attempt to overtake the fast-growing coupon, which is backed by softbank. that is your bloomberg business flash. anna: annabelle droulers in hong kong. bank of america's ceo has told bloomberg its customers, especially small businesses, are struggling with tightening labor markets and give his take on whether rising inflation is transitory. >> if you look around the world, central banks are going to struggle as to when this virus is behind the. that at the end of the day is determinate here. think about what india went through the last several weeks. they can about the u.k. delaying the for reopening because of the variants. you think about the u.s., vaccines do half of the population, you can see it is pretty open. pay attention to the vaccine path. the second question was a dot plots. there is great debate whether these add

details on ebay's plan to sell its korean business, it says it submitted a final bid.ahead for central banks in the asia-pacific as we turn to sophie kamaruddin in hong kong. sophie: busy indeed with taiwan and indonesia set to decide on policy. both are seen standing pat on rates at record lows. it will be a fourth straight months of holds for indonesia with the governor cautious on market volatility. stabilizing the rupiah is a priority. reaching the 14,200 level against the greenback. more downside risk for the currency as demand led imports may widen indonesia's current account deficit, haidi. haidi: with pride month celebrations taking place across the u.s. in june, many companies are trumpeting their commitment to diversity and equality. some asian auto companies don't quite translate to their domestic markets. joining us now to discuss is our bloomberg reporter. what are japanese and korean automakers doing to reach lgbtq customers? >> many have spent decades courting this group of consumers, lgbt consumers in the u.s. they have a lot of spending power and compa

donahoe, who came in from the board to lead this company from silicon valley, having led service now and ebayble business and it continues to drive growth. everyone knew this was happening at nike, but between the china worries and just how strong that outlook would be on the business shift, that's what's catching investors and analysts really offguard today mike, carl, david. >> yeah, sara, i'll start. come back to china you went through so much of it so well, especially direct china continues to be a question you brought up the xinjiang controversy. we know what's going on there is the humanitarian crisis, they're imprisoning people, the uighur minority, and nike has made a lot out of its bona fides on social justice and is silent on this what can we expect, if anything? does it still represent a potential risk for the company if it were to start to speak out more forcefully? >> it's certainly a risk china is 20% of overall revenues and more than double that when it comes to a profitability. it's a key market and john donahoe and other executives went to great lengths last night on the conf

although ebay has not -- it's been one of the greatest stocks. >> when you look at the performance ofince the split. >> i think dorsey said he would come back as bitcoin if he didn't - >> yes, yes. >> he's going to dress -- maybe dress as bitcoin for halloween >> opening bell coming up next this is the sound of change. it's the sound of low cash mode from pnc bank giving you the options and extra time needed to help you avoid an overdraft fee. low cash mode on virtual wallet from pnc bank. one way we're making a difference. >>> welcome back keep your eye on amazon. shares close to a six-week high this morning we'll keep our eyes open for prime day, although some worry about some of the cost pressures we talk about all the time maybe the number of deals, quote/unquote, isn't impressive. >> i bought a pair of bin binoculars i've been waiting, waiting i think amazon will not be defeated i think amazon will figure it out. i'm not concerned about the things that people are talking about if only just because they are the greatest logistics team in the world maybe they have to eat profit for

now, when ebay bought paypal that grew to $28 million all of it tax-free thiel used that short selledook, and others, all of that growing ftax-free as those companies exploded as of 2019, his roth i.r.a. was valued at over $5 billion, and if he waits until he turns 60 in 2027, he can withdraw all of that money without paying any capital gains tax or income taxes. now, it should be said thiel did pay over $200 million in federal taxes on other income between 1999 and 2018. "propublica" saying in four of those years he was one of those billionaires who paid zero federal income taxes guys >> wow all right, so the point here his initial contribution was below the limit. it was in shares by the way, the guy didn't do a great job running his hedge fund this one of the best portfolios i have heard of. turning that into $5 billion what he started with in terms of contribution was below the maximum? >> it was below maximum, and the important and controversial point is the valuation of those shares when he bought it again it was less than a tenth of a cent. it's called stuffing, which is when y

out there interestingly, 52 week high, google consistently, alphabet hitting 52-week highs recently, ebaycophillips, sort of high beta energy stocks thaey tend to move more than the market does. 52-week highs, marathon petroleum at a 52-week high. you heard cathie wood pushing it jim was talking about it a little while ago i point out the usual, the facts about value versus growth, difficult category to describe you have a lot of groups in this -- that are things like oil companies, some of the retailers that are in it but you also have in the growth category, companies that you didn't necessarily think were growth companies wita couple of years ago, caterpillar, and deer value is outperformed this year. growth has been coming back just recently, but the index, guys, constantly point out to me, bob, you want to knock yourself out with this. go ahead, but if you just own the s&p 500 this year up 13%, you wouldn't have had to worry about the value versus growth story, and typical when value out performs growth, s&p 500 is in the middle, and you split the ki difference it's an interesting de

. >> what i love, kids now -- >> what have you got >> ebay. >> no, i know they don't i'm asking well,- i'm not even going to mention what they cost. >> custom shoes on etsy, right >> a pair for 200 bucks. >> there's hundreds of thousands of custom pairs of shoes for you on etsy. the best brands. >> 219 for used -- >> yeah, 325 for these. >> amplifiers and guitars i can see. thongs, underwear, i don't know, that's a little weird for me, josh thank you for -- to each his own, right thanks for playing along >> thanks for having me. >> when we come back, circle ceo jeremy allaire on the wild ride of crypto and stable coins >>> mario gabelli will join us to talk about the markets. jennifer granholm, kelly steckelberg and straws zell neck all of them coming up. reminder for you, you can always watch us live on the go on the cnbc app we'll be right back. ♪ ♪ ♪ ♪ you don't always set out to be a rock star. but when the spotlight finds you. you become one anyway. ♪ ♪ i became a sofi member because i needed to consolidate my credit card debt. i needed just one simple way to pay it all off. it w

i will be selling them on ebay if you want to donate to my ramen fund. yeah. i think i'm going to hit the east coast with kathia. >> great college. >> yeah. are we saying which college we're going to? >> no. >> i'll be in boston. >> president lopez: congratulations to you both. okay. moving on to section c. advisory committee reports and appointments. item 1 is the parent advisory council. and i will call on michelle. >> thank you, president lopez. can you hear me okay? awesome. of course, it's tough to follow that but i wanted to say good afternoon everyone. commissioners, student delegates, superintendent, district staff. members of the community. i'm the coordinator for the parent advisory council of the san francisco board of education. today, i will be joined by a couple of pack members although i'm not quite sure everybody's online. and we'll have them introduce themselves as they join us. and this is our report to the board of ed for june 8th, 2021. the role of the parent advisory council or the pack is to represent parent perspectives. in order to info

i will be selling them on ebay if you want to donate to my ramen fund. yeah. i think i'm going to hit the east coast with kathia. >> great college. >> yeah. are we saying which college we're going to? >> no. >> i'll be in boston. >> president lopez: congratulations to you both. okay. moving on to section c. advisory committee reports and appointments. item 1 is the parent advisory council. and i will call on michelle. >> thank you, president lopez. can you hear me okay? awesome. of course, it's tough to follow that but i wanted to say good afternoon everyone. commissioners, student delegates, superintendent, district staff. members of the community. i'm the coordinator for the parent advisory council of the san francisco board of education. today, i will be joined by a couple of pack members although i'm not quite sure everybody's online. and we'll have them introduce themselves as they join us. and this is our report to the board of ed for june 8th, 2021. the role of the parent advisory council or the pack is to represent parent perspectives. in order to info

i will be selling them on ebay if you want to donate to my ramen fund. yeah. i think i'm going to hit the east coast with kathia. >> great college. >> yeah. are we saying which college we're going to? >> no. >> i'll be in boston. >> president lopez: congratulations to you both. okay. moving on to section c. advisory committee reports and appointments. item 1 is the parent advisory council. and i will call on michelle. >> thank you, president lopez. can you hear me okay? awesome. of course, it's tough to follow that but i wanted to say good afternoon everyone. commissioners, student delegates, superintendent, district staff. members of the community. i'm the coordinator for the parent advisory council of the san francisco board of education. today, i will be joined by a couple of pack members although i'm not quite sure everybody's online. and we'll have them introduce themselves as they join us. and this is our report to the board of ed for june 8th, 2021. the role of the parent advisory council or the pack is to represent parent perspectives. in order to info

i will be selling them on ebay if you want to donate to my ramen fund. yeah.east coast with kathia. >> great college. >> yeah. are we saying which college we're going to? >> no. >> i'll be in boston. >> president lopez: congratulations to you both. okay. moving on to section c. advisory committee reports and appointments. item 1 is the parent advisory council. and i will call on michelle. >> thank you, president lopez. can you hear me okay? awesome. of course, it's tough to follow that but i wanted to say good afternoon everyone. commissioners, student delegates, superintendent, district staff. members of the community. i'm the coordinator for the parent advisory council of the san francisco board of education. today, i will be joined by a couple of pack members although i'm not quite sure everybody's online. and we'll have them introduce themselves as they join us. and this is our report to the board of ed for june 8th, 2021. the role of the parent advisory council or the pack is to represent parent perspectives. in order to inform board of education policy d